Brokerages Set Royal Gold, Inc. (NASDAQ:RGLD) Target Price at $165.43

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) has been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $168.86.

Several research firms have commented on RGLD. Raymond James upped their price objective on Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and lifted their price target for the stock from $154.00 to $178.00 in a report on Tuesday. Finally, TD Securities increased their target price on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th.

Royal Gold Price Performance

Shares of RGLD stock opened at $136.25 on Friday. Royal Gold has a 12 month low of $100.55 and a 12 month high of $155.10. The company has a market capitalization of $8.96 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 1.08 and a beta of 0.90. The firm’s 50-day moving average is $142.20 and its two-hundred day moving average is $139.65.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.13. The company had revenue of $193.84 million for the quarter, compared to analyst estimates of $184.12 million. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The firm’s quarterly revenue was up 39.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 EPS. Sell-side analysts forecast that Royal Gold will post 5.14 EPS for the current year.

Royal Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a $0.45 dividend. This is an increase from Royal Gold’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, January 3rd. Royal Gold’s dividend payout ratio (DPR) is currently 41.28%.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $150.00, for a total value of $82,350.00. Following the transaction, the senior vice president now owns 16,293 shares of the company’s stock, valued at approximately $2,443,950. The trade was a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William M. Hayes sold 1,984 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $147.05, for a total transaction of $291,747.20. Following the transaction, the director now owns 9,268 shares in the company, valued at $1,362,859.40. The trade was a 17.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

Institutional Trading of Royal Gold

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in Royal Gold by 24.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 806,872 shares of the basic materials company’s stock valued at $100,991,000 after buying an additional 156,048 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Royal Gold by 38.4% during the 2nd quarter. AQR Capital Management LLC now owns 483,493 shares of the basic materials company’s stock valued at $60,514,000 after acquiring an additional 134,120 shares during the period. Driehaus Capital Management LLC bought a new position in Royal Gold in the second quarter valued at approximately $15,559,000. International Assets Investment Management LLC lifted its position in shares of Royal Gold by 13,968.8% during the 3rd quarter. International Assets Investment Management LLC now owns 84,694 shares of the basic materials company’s stock worth $11,883,000 after buying an additional 84,092 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Royal Gold by 187.5% during the third quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company’s stock worth $18,049,000 after buying an additional 83,015 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.